Bitcoin Bullish Scenario (please compare it with bearish one)

As analyzed before bitcoin has moved to the downside around the 7K level. This was the target area. From here we have a bigger decision area for the longer term outlook. As long as we stay above 76.4% a pull to the upside is likely. However this pull to the upside has not to play out like drawn in the chart at all this is just a speculative analysis. It could well be that we only see a 3-wave up to the prior top just to resume the downtrend again.